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What is a utility token And what is its use for startups introoutroUtility tokens, on the other hand, serve a specific utility. Such a utility may be that tokens can be used on a platform to redeem a special service or receive. A utility token is a type of token that is used to access a particular product or service within a blockchain-based ecosystem. Unlike security tokens, which. Utility tokens are a special kind of virtual currency that resides on its own blockchain and give access to the specialized products or services the company is.